March was a busy month for crypto clarification, with both the Organization for Economic Cooperation and Development and the Biden administration issuing plans for guidance. The OECD released a public consultation document outlining a proposed global tax transparency framework for crypto assets. The proposal would require crypto exchanges to share
The challenges of running a small business are many, and among them is payroll, which can feel like a full-time job. Here, Bianca Mueller, CPB, community manager at Wagepoint, discusses the payroll challenges small businesses will face in 2022 and offers her tips on how to overcome them. Invest in
Long before the rest of the economy faced the Great Resignation, the accounting profession found itself in a massive war for talent, struggling to find and keep staff. In this webinar, a panel of experts share best practices for firms looking to attract and retain the best and brightest. Areas
In a new case, Mihalik, C Memo 2022-36.4/13/22, a retired pilot took advantage of a special program of his former employer that provided free airline tickets on a stand-by basis. Although the value of such benefits may qualify for a tax-free statutory fringe benefit, the Tax Court refused to give
A former accountant at pizza giant Domino’s Pizza Inc. has agreed to pay almost $2 million to settle allegations of insider trading from the Securities and Exchange Commission. The SEC alleges that from 2015 to 2020, Bernard L. Compton traded ahead of a dozen of Domino’s earnings announcements based on
Businesses are running leaner than ever before. With smaller staff, they search for trusted financial partners who can provide solutions for their unique needs. Many accounting firms today are expanding into business valuation practices. Some companies are seeing significant growth in their operations. Others are finding it hard to attract new
A forensic audit of German real estate company Adler Group SA uncovered accounting irregularities and an opaque system of consulting fees but stopped short of alleging fraud, allowing both management and its detractors to say they were vindicated by the findings. The report by KPMG — commissioned in response to
Kindness isn’t always seen as a valuable trait in leadership; in fact, it’s often seen as a weakness. But the organizations that thrive create a culture of open feedback, mentoring, and empowerment. Kindness and great leadership complement each other beyond just the relationship you have with your team. Studies show
Even before COVID-19, clients were interested in gaining more from their accountants than just tax support, and during the pandemic, they came to realize what valuable partners their accountants could be. From helping to acquire PPP loans, navigating new compliance laws and renegotiating leases to managing cash flow, accounting firms
With the 2022 tax season behind us, now is the perfect time to start proactively planning for next year. Starting now allows firms maximum time to ensure their management practices are up to date and efficient. Firm managers must learn from their previous mistakes and implement adequate solutions. For accountants,
